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2:00 Pm ET Banking Hemp, CBD Oil, Marijuana And Video Session One: 1:00 – 2:00 pm ET Video Session Two: 2:15 – 3:15 pm ET Video Session Three: 3:30 – 4:30 pm ET Banking Hemp, CBD Oil, Marijuana and Legal Marijuana and the Workplace: What Lending to Hemp, CBD and Cannabis: Medical Marijuana Merchants Employers Need to Know Opportunities, Challenges and Hurdles The terms cannabis, marijuana, and hemp are Legalization of marijuana use in the U.S. has 12,000 banks across the country, 710 banks often used interchangeably but are significantly become a fiery issue. Many states have and 150 credit unions reported servicing different and matter when there is interest in legalized medical marijuana, while others either marijuana-related businesses last year, banking businesses that provide these services. have legalized, or are in the process of according to FinCEN. But for banks considering Marijuana and hemp are both primary species legalizing, its recreational use as well. The or entering the space, banking hemp and of the cannabis plant, and cannabinoids (CBD) conflict between state law and federal law, marijuana related businesses can be a daunting are derived from hemp. however, presents a myriad of issues for task. Despite their federally legal status, hemp- employers and employees alike. Employers CBD production is surrounded by a large gray When banking these types of merchants: face confusing questions about how to respond area. States are taking individual--and • How do you know the difference? What is when prospective or existing employees sometimes drastically different-- approaches to required to bank medical marijuana disclose their use of medical marijuana. regulation. merchants? Employers must comply with federal and state • How do you risk rate and approve the laws and provide employees with a safe and Join this timely webinar to discuss the latest customer? productive workplace. At the same time, developments on lending to hemp, CBD, and • What are red flag issues you should know employers must accommodate employees with marijuana businesses, including the risks, legal prior to approving the customer? disabilities that may require medical marijuana. requirements, and challenges associated with • How do you monitor and what information various hemp businesses. This cannabis needs to be documented in your risk In this compliance webinar, we will analyze the webinar will address the key points of providing assessment, ongoing reviews and your impact state legalization of marijuana use has account relationships and loan products to HRB program document? on employers’ ability to maintain a drug-free and MRB businesses workplace, as well as the effect state laws have This cannabis banking webinar is perfect for any on private employers and their employees. Topics include: financial institution interested in banking these • Differences between hemp, marijuana, and types of customers and are uncertain about the BONUS MATERIALS: Attendees receive CBD businesses risks and for those financial institutions banking state-specific forms and checklists plus a • The regulation of CBD in food, beverages, these types of customers and need clarification Drug and Alcohol Testing Policy, Testing vape cartridges, oils, topicals, and other on best business practices for banking these Authorization, and Handbook Checklist products merchants. • NCUA and Agency guidance on due Topics include: diligence and banking hemp and cannabis Topics include: • Basic provisions of state medical and businesses • Differentiating between Hemp, CBD Oil, recreational cannabis laws and the effect • Considerations, best practices, common Marijuana and Medical Marijuana Merchants they have on employers and employees pitfalls and challenges in cannabis and hemp • How to effectively risk rate at account • Handling conflicts between state and federal business lending opening laws • Ask the right questions at account opening! • Recommendations for performing ongoing • Cannabis and American with Disabilities Act • Explanation and overview of hemp acreage monitoring • Employment law on cannabis drug testing reports • Documenting your BSA Program and Risk • Medical and recreational marijuana • Establishing your hemp banking program Assessment discrimination and requirements a hemp business must • “Zero tolerance” policies under the law satisfy to access lending services • Responding to employee’s disclosure of • How to navigate the lending landmines medical marijuana • Multi-Peril Crop Insurance (MPCI) overview • Tips for modifying workplace drug policies to and coverage avoid liability • Basic risk management requirements for lending to HRBs and MRBs.
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